Hey Brandon--I think that would be a great jig to build, and pretty functional too. Shop Notes/Woodsmith Shop plans are always pretty well done, and easy to follow. Building jigs, shop cabinets and such adds to experience and can be a good learning tool, then at the end can be used to build something for inside the house. I don't have this plan, but to build it I'd say you need some sort of saw (table or miter) and a drill with appropriate sized bit (I'm guessing 1/4" rod and bolts, so 1/4" bit).
To use it on a table saw, a dado blade set would be needed so you can stack the blades to the thickness of your cut, like 1/4", 3/8", 1/2" to cut the fingers in one pass. For use on a router table, straight bits in what ever cutting width you want to make the fingers/slots. This jig is designed to index to your cutting tool width (cut of the router bit or dado stack, and every cut and finger "should" be the same width once it's set up. you could literally make the spacing 39/128" if you wanted to and it would work. Easiest to set to a common number like 1/4", multiply by an odd number (to get full fingers on the top and bottom of the two box ends, full grooves on the sides--so if your cutter and jig are set to 1/4", a board 2 3/4" wide would have 6 fingers and 5 grooves on the ends and 5 fingers/6 grooves on the sides to mate up at the corners.
Build it, use it, and have fun doing so!! Does that help?
earl